Bitcoin Treasury Companies Signal End of Bear Market

Several Bitcoin treasury companies are anticipating the end of the bear market. Cointelegraph reports that investment firm Kynikos Associates closed its short position against Michael Saylor’s Strategy (MSTR), signaling a shift in sentiment toward the industry. This announcement comes after James Chanos, founder of Kynikos, unwound his previously held short on MSTR and long on Bitcoin (BTC). Pierre Rochard, CEO of The Bitcoin Bond Company, adds that the bear market for Bitcoin treasury companies is nearing its end.